I'm actually quite bearish on funding being sorted before a capraise but I disagree with you that this pump today will lead to them triggering the cap raise.
My reasoning as to the pump today in order of likelihood is:
1. Low liquidity and SOI of GLN = outsized green on a broad market green day.
2. Leaky ship
3. Encumbents taking up a stake in echo of moves that have been happening in WA.
General Discussion Banter GLN, page-13553
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Last
24.0¢ |
Change
0.005(2.13%) |
Mkt cap ! $99.13M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 24.5¢ | 23.5¢ | $999.7K | 4.194M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 99166 | 24.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.5¢ | 136258 | 6 |
View Market Depth
| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
24.0¢ |
Change
0.005 ( 2.08 %) |
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| Open | High | Low | Volume | ||
| 23.5¢ | 24.5¢ | 23.5¢ | 1386665 | ||
| Last updated 15.55pm 21/05/2024 ? | |||||
| GLN (ASX) Chart |